While many businesses now offer 401(k) plans for retirement, there's a great deal of difference between the most and least generous among them. For example, some employers offer a generous employer match and even additional contributions based on salary. Others offer a better mix of investment options with lower fees.

If you're wondering which companies do the best job setting up their employees for financial security in retirement, take a look at our list. Here are the five companies with the best retirement plans.

1. ConocoPhillips (COP)

ConocoPhillips has a generous employee matching program: it automatically contributes 6% of your income after you invest just 1%. In addition, the company offers a discretionary additional match of between 0% and 6% based on company performance and other factors, including employee age. The target for the company is a 9% match.

In addition, investment options are broad, including a mix of stock, bond, and international 澳洲幸运5官方开奖结果体彩网:index funds. Vesting is immediate at 100%.

Enrollment is voluntary. Employees must contribute a minimum of 1% to receive the company's contributions.

2. The Boeing Company (BA)

Boeing transitioned all non-union employees from a pension to a 401(k) retirement plan in 2016. With $119 billion in assets, it is one of the largest plans in the country. The company matches 10% of the first 10% of employees' contributions.

There was also a discretionary contribution of 2% of base and incentive pay to all eligible 401(k) participants if employed at Boeing at the end of the year for 2022 and 2023.

The company also has a student loan match program where the amount🐼 you pay towards your student loans will be matched by the company as an employer contribution towards your 401(k).

"After the year ends Boeing will match the total of your loan payments and match-eligible contributions up to your applicable company match maximum," the website reads.

Boeing꧋ automatically enrolls employees in the plan, and there is a broad selection of stock, bond, and international index f🃏unds to choose from.

3. Amgen Inc. (AMGN)

Amgen is one of the more generous companies when it comes to employer contributions: it makes a 5% core contribution upfront, whether or not the employee makes a contribution to the plan.

In addition, the company matches employees' contributions up to 5% of their salary.

Amgen's funds include a broad mix of stock, bond, and international index funds. Employees are 100% vested immediately and are automatically enrolled in the plan.

4. Philip Morris International Inc. (PM)

You may have qualms about working for a tobacco company, but Philip Morris does provide incentives to reward and retain top talent. In addition to matching the first 5% of employee contributions, the company may add an additional 7% to 15% of eligible compensation, depending on an annual business rating.

There are no bond funds to select, but a broad range of stock and international index funds are available. Eligible employees are automatically enrolled and are 100% vested immediately.

5. Citigroup Inc. (C)

This banking giant matches 100% of an employee's first 6% of contributions. There's an additional 2% added in, but it's important to note that Citigroup makes its contributions in a lump sum at or after year-end and not at the same regular intervals that employee contributions are made. Fund options include stock and international index funds—no bond funds are available. Enrollment is automatic, and employees are 澳洲幸运5官方开奖结果体彩网:fully vested immediately.

The Bottom Line

These five companies have some of the best retirement plans available: ConocoPhillips, Boeing, Amgen, Philip Morris, and Citigroup. But it's worth remembering what the average and median employer match is: 4.6% and 4.0%, respectively. Maybe your plan isn't too far off.